AMIT KUMAR JAIN

Manager

01.2008 - Current

Growth Path:
Jan’08-Sep’10 Associate-Finance (Accounts Payable)
Oct’10-Sep’15 Executive-Finance (Accounts Payable)
Oct’15-Sep’19 Assistant Manager Finance (Team Lead - Accounts Payable)
Oct’19-Jan’21 Assistant Manager (Business Analyst - IT Application)
Jan’21-Jun’21 Assistant Manager – Project Support Management (SAP Implementation)
Jul’21-Jan’23 Manager - Project Support Management (SAP Implementation / Data lead for India)
Since Jan’23 Manager – Leading R2R and IFM (Inter Company billing) function
Key Result Areas as Manager - Leading R2R and IFM (Inter Company billing) function:
Manage the end-to-end Record-to-Report (R2R) process, including journal entries, reconciliations, and financial reporting analysis.
Prepare monthly, quarterly, and annual financial reports for internal and external stakeholders.
Intercompany agreements for executing transactions with an arm length process for new business adventures in addition to existing relationships.
Oversee inter-entity billing operations, ensuring accurate and timely invoicing and reconciliation between entities.
Designing the MS excel templates to automate the IFM and R2R process to enhance the efficiency and accuracy.
Invoicing between inter-entities and as well as intra-entities for monthly, quarterly and annual transactions.
Liaison with Internal Auditors to make the projection for year-end inter-company invoicing.
Support AP, AR and GST team for completing the end-to-end cycle for intercompany invoicing.
Ensure all intercompany entries that require cash settlement are cleared in books.
Analyze backlogs, identify root causes and finding possible solutions.
Reconcile intercompany account balances and proactively resolve intercompany imbalances.
Preparing SOP for various inter-company billing
Initiated a new tool to automate the IFM (inter-company billing) process and designing of blueprint to improve the efficiency and accuracy.
Collaborate with cross-functional teams to streamline financial processes and improve efficiency.
Key Result Areas as Manager / Assistant Manager (Project Support Management - SAP Implementation / Data lead for India):
Connecting with global team to ensure that the changes suggested by local process owners are properly recorded and accepted by global team or alternative workaround is suggested to meet the India region requirements.
Executed the remediation plan of local application based on the input of global and respective stakeholder.
Coordinated with local IT team to understand changes required in local application to enable the linking with SAP.
Ensured the input required by global is submitted by local stakeholders on time to meet project deliverable timelines.
Key Result Areas as Assistant Manager (Business Analyst - IT Application)
Homed in analyzing application based on the business requirement and connecting with client to understand business needs and suggest viable solutions
Proven expertise in preparing the business requirement document to design the application process flow.
Pivotal in preparation of required documents for infosec purpose and liaise with Infosec team to approve the application.
Maintain intact coordination with Tech Lead and QA (Tester) to complete the cycle of changes requested by client.
Explaining the developed solution, taking sign-off and ensure its appropriate deployment.
Key Result Areas as Assistant Manager Finance (Accounts Payable)
Oversee entire work assigned to team members.
Managing day-to-day accounts payable related activities in co-ordination with internal / external departments for smooth financial operations
Review and rectification of expenses reports for the MIS purpose.
Served as a SPOC for all Forex related queries (Including forex vendor management)/ currency payments/ encashments for PAN India employees of EY.
Spearheading analysis of risk review, critical reconciliations, coordination with Auditors for Statutory Audits & remittance check
Maintain documents for Global Audits as a part of ‘Global Independence Compliances’ and response to the queries raised by the Global Internal Audit Committee.
Deftly cross check and verify bills by AP team before sending them to signatories.
Tracking regularly and managing authorization of the payments on bank portal
Analyzing technical systems and suggesting improvements in order to increase people efficiency & quality of output and reduce the cost to organization.
Reviewing MIS reports to ensure profitability of business units; assessing the correctness of revenue and expenditure accounted in line with internal control systems & procedures.
Supporting other functions of finance to ensure seamless and smooth monthly and year-end closing.
Notables:
‘EY - Long Service Award’ for completion of 10 years in the organization
Recognized with the ‘EY I am Exceptional Award’ twice for outstanding performance in SAP implementation project for India region
Recognized with the ‘EY Accelerator Award’ thrice for remarkable performance and strong focus on quality, process improvement and incredible teamwork
Recognized with the ‘EY Spotlight – Game Changer’ for successful execution of GST accounting and reporting structure.
GST Implementation - Created blueprint of the technical changes to meet the GST compliance objective.
Imparted trainings to the team members on GST process knowledge and compliance
Established the process and designed the system using RPA (Robotics Process Automation) technology to avail the GST credit against K3 (Airline GST) Tax
Obtained GST credit worth INR 10 Crores from Jul’17 to Mar’19 on account of GST charged by the airlines.
Fetched GST credit worth INR 3 Crores from Jul’17 to Mar’19 successfully in the hotel reimbursement.
Executed GST integration in Financial Accounting System and other connected applications.
Collaborated with the team in identifying issues and achieving cost saving through technical changes.
Evaluated existing systems and liaised with IT Team for the implementation / automation initiatives, after taking necessary approvals; this includes descriptive solution and suggestions along with specification of system functionality.
EY Bronze Badges – “Analytics - Data science”, “Analytics - Data visualization” and “Microsoft - Dynamics 365”.
EY Learning Badges – “Basics of Business”, “SAP Foundation”, “Digital”, “Finance”, “My Purpose”, “Analytics - Data science”, “Innovation - Design Thinking (twice)”, “Analytics - Data visualization”, “Analytics - Data Integration”, “Data Strategy - Information Strategy”, “Transformation - Managing Change and Decision Making”, “Cyber Security” and “Cybersecurity - Information Security Awareness Essentials”.

Summary

Overview

Work History

Manager

Education

MBA - Finance

M.Com. -

CPT - CA Entrance

B.Com. -

Skills

Websites

PROFESSIONAL ENHANCEMENTS

PERSONAL SNIPPETS

Timeline

Manager

MBA - Finance

M.Com. -

CPT - CA Entrance

B.Com. -

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